Maven Income and Growth VCT 2 PLC Dividend Declaration (4841O)
May 17 2018 - 10:30AM
UK Regulatory
TIDMMIG2
RNS Number : 4841O
Maven Income and Growth VCT 2 PLC
17 May 2018
Maven Income and Growth VCT 2 PLC (the Company)
Declaration of Interim Dividend
As highlighted by the Board in the Annual Report for the year
ended 31 January 2018, Shareholders should be aware that the
Directors had considered it necessary to distribute an enhanced
level of interim dividends during that financial year. This was a
result of a build-up of distributable reserves, including the
proceeds from recent profitable realisations, and the requirement
to ensure ongoing compliance with the VCT regulations.
Due to the number of profitable realisations and the requirement
to ensure that the Company continues to comply with the VCT
regulations at all times, the Board has considered it appropriate
to declare the payment of an interim dividend in respect of the
year ending 31 January 2019. It is confirmed that a payment of
5.20p per Ordinary Share will be made on 22 June 2018 to
Shareholders on the register at close of business on 25 May
2018.
Decisions on future distributions will take into consideration
the availability of surplus revenue, the adequacy of reserves, the
proceeds from any further realisations and the VCT qualifying
levels of the portfolio, all of which are kept under close review
by the Board and the Manager.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Company Secretary
17 May 2018
This information is provided by RNS
The company news service from the London Stock Exchange
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